Ahearne, Alan; Cline, William R.; Lee, Kyung Tae; Park, … - Peter G. Peterson Institute for International Economics … - 2007
world growth rate was unchanged. Most of the adjustment would be borne by China, Japan, other Asian economies, a few high … Asia and Europe (outside of the euro area) in the adjustment process will be more important than the role of either China … higher consumption in East Asia, as well as effective appreciations of the currencies of China, Japan, and other surplus …